TERN Group, a London-based clinical AI workforce platform, has raised $24M (≈€20.4M) in a Series A funding round led by Notion Capital, with support from RTP Global, LocalGlobe, EQ2 Ventures, Leo Capital, PreSight Capital, and several prominent angel investors, including Lord David Prior (former NHS chair) and the CEO of AXA Health.
Founded in 2023 by Avinav Nigam and Krishna Ramkumar, TERN Group tackles one of healthcare’s biggest challenges: a projected shortage of 18 million healthcare workers by 2030, according to the WHO.
- Its platform integrates recruitment, compliance, verification, relocation, and onboarding.
- The company claims it can cut hiring time by 60%, reduce costs by threefold compared to locum-heavy models, and achieve 96% staff retention.
- Today, TERN works with 100+ healthcare providers worldwide, including 18 NHS Trusts.
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Global reach and market traction
Over the past year, TERN Group has expanded into Germany, the UK, UAE, Saudi Arabia, Japan, and the US. More than 650,000 professionals across 13 countries now use the platform to access jobs, training, and relocation support.
Use of funds
The fresh capital will be used to:
- Expand UK operations and deepen NHS partnerships.
- Advance the platform’s AI-driven compliance automation and workforce planning tools.
- Enhance international talent training across clinical, language, and cultural preparation to support long-term retention.
CEO Avinav Nigam said:
“Healthcare providers need qualified staff quickly but cannot compromise on compliance or patient safety. Our platform delivers speed, predictability, and sustainability where dependency on locums has become unsustainable.”
